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There is no deception behind the marketing for the ConstitutionDAO. No one has made any claims of it being a profitable venture. It was explicitly marketed as a
by CryptoPunk 5y ago
There is no deception behind the marketing for the ConstitutionDAO. No one has made any claims of it being a profitable venture. It was explicitly marketed as a non-profit venture to democratize ownership of important cultural pieces. The PEOPLE tokens appear to be going up in value solely due to the sentimental value attached to them.
- keithwhor 5y agoHow can you be sure this isn’t wash-trading organized by the largest owners so they can attempt to profit at the expense of individual retail investors?
- doopy1 5y agoSeems like wash trading in this way would cannibalize your gains if you don't withdraw before too long. I actually don't think that's what's happening. I think it's the memecoin effect. The constitution DAO got a lot of media attention and that's driving speculation on their $PEOPLE token.
- CryptoPunk 5y agoThat's a different allegation, which would need to be proven.
- notreallyserio 5y agoBut then didn't they say that the democracy part, the votes, was going to be dropped on the floor as "advisory"?